Pampa Energia (NYSE:PAM) Director Marcos Marcelo Mindlin Acquires 150,000 Shares

Pampa Energia S.A. (NYSE:PAM) Director Marcos Marcelo Mindlin acquired 150,000 shares of the business’s stock in a transaction on Thursday, August 27th. The stock was bought at an average cost of $3.38 per share, for a total transaction of $507,000.00. Following the completion of the transaction, the director directly owned 22,180,592 shares of the company’s stock, valued at $74,970,400.96. This trade represents a 0.68% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Marcos Marcelo Mindlin also recently made the following trade(s):

• On Wednesday, August 19th, Marcos Marcelo Mindlin bought 902,975 shares of Pampa Energia stock. The stock was bought at an average cost of $3.34 per share, with a total value of $3,015,936.50.
• On Tuesday, August 18th, Marcos Marcelo Mindlin bought 396,950 shares of Pampa Energia stock. The stock was bought at an average price of $3.35 per share, with a total value of $1,329,782.50.
• On Wednesday, July 8th, Marcos Marcelo Mindlin sold 1,500,000 shares of Pampa Energia stock. The shares were sold at an average price of $3.54, for a total value of $5,310,000.00.
• On Wednesday, July 1st, Marcos Marcelo Mindlin sold 1,502,000 shares of Pampa Energia stock. The shares were sold at an average price of $3.41, for a total value of $5,121,820.00.
• On Friday, June 26th, Marcos Marcelo Mindlin purchased 287,916 shares of Pampa Energia stock. The shares were bought at an average cost of $3.37 per share, for a total transaction of $970,276.92.
• On Thursday, June 25th, Marcos Marcelo Mindlin purchased 383,600 shares of Pampa Energia stock. The shares were bought at an average cost of $3.37 per share, for a total transaction of $1,292,732.00.
• On Wednesday, June 24th, Marcos Marcelo Mindlin purchased 739,178 shares of Pampa Energia stock. The stock was bought at an average price of $3.35 per share, with a total value of $2,476,246.30.

Pampa Energia Stock Up 2.1%

Shares of NYSE:PAM opened at $82.17 on Tuesday. The company has a quick ratio of 3.23, a current ratio of 3.64 and a debt-to-equity ratio of 0.64. Pampa Energia S.A. has a 52-week low of $54.95 and a 52-week high of $94.50. The company has a 50 day moving average of $82.53 and a two-hundred day moving average of $82.90. The company has a market capitalization of $4.42 billion, a price-to-earnings ratio of 7.80, a price-to-earnings-growth ratio of 0.27 and a beta of 0.97.

Pampa Energia (NYSE:PAM) last posted its quarterly earnings data on Tuesday, June 30th. The utilities provider reported $2.50 earnings per share (EPS) for the quarter. Pampa Energia had a net margin of 23.58% and a return on equity of 15.33%. The company had revenue of $746.00 million for the quarter. As a group, analysts forecast that Pampa Energia S.A. will post 10.68 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Pampa Energia in a research note on Friday, June 12th. Wall Street Zen cut shares of Pampa Energia from a “strong-buy” rating to a “buy” rating in a research report on Sunday, August 23rd. Zacks Research downgraded Pampa Energia from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 27th. Finally, JPMorgan Chase & Co. lifted their target price on Pampa Energia from $97.50 to $101.50 and gave the stock a “neutral” rating in a research report on Monday, June 1st. Two equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $103.83.

Institutional Trading of Pampa Energia

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Pictet Asset Management Holding SA raised its holdings in Pampa Energia by 1.9% in the fourth quarter. Pictet Asset Management Holding SA now owns 16,531 shares of the utilities provider’s stock valued at $1,463,000 after acquiring an additional 316 shares in the last quarter. DGS Capital Management LLC grew its holdings in Pampa Energia by 16.6% during the 1st quarter. DGS Capital Management LLC now owns 3,083 shares of the utilities provider’s stock worth $273,000 after acquiring an additional 438 shares in the last quarter. Raymond James Financial Inc. bought a new stake in shares of Pampa Energia in the 2nd quarter worth about $37,000. Titan Global Capital Management USA LLC increased its position in shares of Pampa Energia by 6.4% in the 1st quarter. Titan Global Capital Management USA LLC now owns 13,612 shares of the utilities provider’s stock worth $1,205,000 after purchasing an additional 820 shares during the last quarter. Finally, NFJ Investment Group LLC bought a new stake in shares of Pampa Energia in the 4th quarter worth about $104,000. Institutional investors own 12.77% of the company’s stock.

Pampa Energia Company Profile

Pampa Energía SA is Argentina’s largest independent energy company, with integrated operations spanning electricity generation, transmission, distribution and oil and gas activities. The company holds a diversified portfolio of thermal and hydroelectric power plants, along with growing investments in renewable energy projects, serving both domestic and regional markets.

In its electricity business, Pampa Energía develops and operates plants that supply energy to Argentina’s power grid.